Arizona Real Estate License Practice Exam 2025 - Free Real Estate Practice Questions and Study Guide

In a written listing agreement with a seller, the relationship being created is between the salesperson's broker and the seller. This agreement establishes a contractual relationship where the broker acts on behalf of the seller to market and sell the property. The broker assumes the responsibility for representing the seller's interests in the transaction.

The listing agreement details the terms of the relationship, including the broker's duties, the listing price, and the commission structure. It is important to recognize that while a salesperson may be the one working directly with the seller, they are doing so under the authority of their broker, who holds the legal relationship with the seller.

This is essential in real estate practices, as the broker is ultimately liable for the actions of their salespersons and has a fiduciary duty to the seller, ensuring that the seller's interests are prioritized throughout the process. Understanding this relationship helps clarify the roles and responsibilities of the parties involved in real estate transactions.